Boards must prioritise and assess culture as a strategic asset, and develop an appreciation for how it may lead to behaviour with material consequences, says Siew Kai Choy.
The brokerage did not have effective controls to identify third party deposits, and "extensive deficiencies" were found in its handling of margin lending and margin calls.
Listed issuers are allowed to increase the general mandate threshold for new securities issues from the existing 10% to 20% of the total number of issued shares.
The approval allows Credit Suisse to raise its stake in a joint venture with Founder Securities from 33.3% to 51%, making it the latest foreign firm to gain majority control of a domestic brokerage in China.
ETF management companies should procure more than one market maker, or secure arrangements for alternative market makers to quickly step in if there is a disruption.
Japan's FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.
MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.
The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.
Under the programme, corporate bonds rated AA or higher are eligible as loan collateral, a major shift for the BOK which has traditionally only bought government debt.
Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.
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